15 AI News That Broke The Internet

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5. ServiceNow, Inc. (NYSE:NOW)

Market Capitalization: $215.95 billion

ServiceNow, Inc. (NYSE:NOW) is a cloud-based, AI-driven platform, that helps digitize and unify organizations so that they can find smarter, faster, better ways to make work flow.

On November 12, Wells Fargo raised the firm’s price target on ServiceNow, Inc. (NYSE:NOW) to $1,150 from $1,050 and kept an “Overweight” rating on the shares. According to the firm, ServiceNow is among the few companies that are demonstrating tangible AI monetization, i.e. they are really making money from AI. One of the key catalysts that will drive this momentum forward is the launch of its CSM/ITSM agents in Xanadu on November 24. The launch is a major step for the company in enhancing its AI-led customer service offerings. Finally, Wells Fargo expects ServiceNow to take the lead in AI customer service.

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